The capitalized cost c of an asset is computed by the formula c = c0 + 
,where c0 is the initial cost of the asset, L is the lifetime (in years), r is the interest rate (compounded continuously), and m(t) is the annual cost of maintenance. Find the capitalized cost under the given assumptions.c0 = $800,000, r = 4%, m(t) = 60,000, L = 5
A. $1,311,903.87
B. $1,231,903.87
C. $1,071,903.87
D. -$271,903.87
Answer: C
Mathematics
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